Use the following to answer questions
Figure: Determining Surplus and Loss 
-(Figure: Determining Surplus and Loss) In the graph,producer surplus is _____ in equilibrium and _____ at a price of $12.
Definitions:
Safeguards
Protective measures or mechanisms put in place to prevent harm, damage, or any other undesirable outcome.
Technological Growth
The process of innovation and the spread of new technological inventions, contributing to economic development and changes in societal practices.
Rational Understandings
The ability to comprehend, interpret, and reason about information or situations in a logical and coherent manner.
Naïve Optimism
An overly positive and simple belief in the most favorable outcome of any situation without considering the complexities or potential challenges.
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Q316: How large is deadweight loss in equilibrium?<br>A)